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iShares Silver Mining ETF Allocation Increased
The price of silver has been declining due to rising...
- Posted March 30, 2021
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ViacomCBS Re-initiated
About five weeks ago the entire position of ViacomCBS (VIAC)...
- Posted March 26, 2021
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Rich Bernstein Negative on Tech as Rates Rise
Rich Bernstein, CEO and CIO of Richard Bernstein Advisors, warned...
- Posted March 18, 2021
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Oil & Gas Exploration & Production ETF Allocation Reduced
The SPDR S&P Oil & Gas Exploration & Production ETF...
- Posted March 5, 2021
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Gold and Silver Mining ETFs Allocation Increased
Gold and silver mining stocks, along with precious metals prices,...
- Posted March 3, 2021
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ViacomCBS Sold
On February 17, 2021, the entire position of ViacomCBS (VIAC)...
- Posted February 19, 2021
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iShares Global REIT ETF Sold
Investor euphoria/greed has been elevated with the extension of the...
- Posted January 20, 2021
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Indexes, Currencies, Commodities & Rates
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iShares Silver Mining ETF Allocation Increased
The price of silver has been declining due to...
- March 30, 2021
- 0
-
Rich Bernstein Negative on Tech as Rates Rise
Rich Bernstein, CEO and CIO of Richard Bernstein Advisors,...
- March 18, 2021
- 0
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Is the Retirement Crisis Really a Crisis?
PBS Frontline recently presented a documentary called “The Retirement...
- April 25, 2013
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Alarming Chart of the Stock Markets of 1987 and 2012-2013
Several days ago I posted a chart showing the...
- May 22, 2013
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Bill Ackman Thinks Diversification is for the Lazy
Bill Ackman made a speech at the Active/Passive Investor...
- March 4, 2010
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T.T.S. Fear Index
Based on a scale of 1 (major complacency) to 10 (extreme fear):
Current and Selected Past Readings:
Date | Index | SMA Comment |
1/20/2021 | 2.3 | Massive stimulus and Fed support have nearly eliminated fear |
3/23/2020 | 7.0 | Coronavirus and oil price war panic investors to the highest level of fear since October 2011 |
12/26/2019 | 2.3 | Lowest level of fear in nearly two years (January 2018) |
12/21/2018 | 6.7 | Raised fears likely setting up a buying opportunity |
1/11/2018 | 1.8 | Unusually low fear could mean we're near the top in valuations |
1/13/16 | 6.3 | Terrible start to 2016 raised fears |
10/3/11 | 8.5 | A good tradable bottom (S&P 500 @ 1,085) based on lots of nonsense |
3/9/09 | 7.0 | Market bottom (S&P 500 @ 666); end of the world was nigh |
10/27/08 | 8.8 | Market had dropped 28% in 5 weeks, Paulson pulled out all stops to save Wall Street bankers |
10/12/07 | 3.2 | Market top (S&P 500 @ 1,562); worldwide housing bubble pricked |
Year-to-Date Performance as of February 24, 2021
Stock Market Advantage (SMA) Porfolio Versus Major Indices
Index/Portfolio | YTD % |
SMA Portfolio | 18.7% |
S&P 500 | 4.8% |
U. S. Small Caps | 12.2% |
Total U. S. Stock Market | 6.0% |
Total Int'l Stock Market | 6.0% |
Total U. S. Bond Market | -2.4% |
Technology Spawns Wealth
Originally published in December 1997:
Writing this newsletter is a chore some months, but I have found a way to make it easier and probably even more informative. The technology of the internet allows linking to other sites written by those who have done research that I don’t have the time or resources to delve into.
As for the markets, I see them headed higher soon. December should be a good month since pessimism and fear seem fairly high. Longer term, prospects for the equity markets also appear excellent since inflation remains benign despite a healthy job market.
Technology Spawns Wealth
As John Templeton likes to say, there are more scientists alive today than throughout the history of mankind. When you take this fact and couple it with the statistic that computer memory (a great tool for scientists) is growing at a 67 percent annual rate you begin to realize that we live in an unprecedented era, which should result in unprecedented valuations for companies. For a better understanding of developments occurring, the Scientific American website at http://www.sciam.com/index.html is recommended reading.
Roth IRA is the Best Deal to Come Around in a Long Time
The Roth IRA, if you haven’t heard, will allow most middle class Americans to save money, tax deferred, in an account and then withdraw the money tax-free when they retire. This is an incredible deal which nearly everyone who is eligible should take advantage of. There is a very informative site located at http://www.rothira.com/ which contains many links that will answer questions regarding this new tax shelter.
Portfolio Updates
An amusing and informative article regarding Royal Caribbean (NYSE: RCL; 48) can be found at the Motley Fool site, specifically, http://fool.yahoo.com/fool/97/11/25/double_971125.htm
Recommended Allocations
Aggressive portfolios: 75% equities, 25% cash.
Conservative portfolios: 55% equities, 45% cash.
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